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Austerity and confidence

The GOP are peddling austerity as a means to promote job creating confidence in the business community. They believe that Germany and Europe are on the right track and want the US to join them. All the austerity-produced confidence in the world will not produce any jobs if you and I lack the income (purchasing power) to buy what business is selling. Confidence and $5 will buy a burger and fries; confidence alone will buy nothing.

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Does this mean that the government is supposed to give people money so they have purchasing power? Get real. This just means more government debt on which there is a limit.

Government overspending is one of the reason the world economies are in a turmoil.
Lack of knowledge and understanding of economics is another reason.
Wanting the economy to work the way people want it to is a third reason, it will not.